That might suggest the region's return as an investing hot spot. More specifically, industries with strong fundamentals that have been accelerated by the virus, such as e-commerce, the internet, and China's new economy, are likely to do well, agreed Yim and Lim. Asian fixed-income bonds, in particular, have fared well under governments fiscal response to the virus, and provide some all-important investment diversification, he said. Real estate, or real estate investment trusts REITs , on the other hand, could present some "vulnerabilities," given the virus' impact on the sector, said Rhee.
Examining the Black-white wealth gap
Mike Bloomberg has bold plan to end racial bias and reduce wealth gap
Asian values , set of values promoted since the late 20th century by some Asian political leaders and intellectuals as a conscious alternative to Western political values such as human rights , democracy , and capitalism. Advocates of Asian values typically claimed that the rapid development of many East Asian economies in the post-World War II period was due to the shared culture of their societies, especially those of Confucian heritage. They also asserted that Western political values were unsuited to East Asia because they fostered excessive individualism and legalism, which threatened to undermine the social order and destroy economic dynamism. Among Asian values that were frequently cited were discipline , hard work, frugality, educational achievement, balancing individual and societal needs, and deference to authority. Claims about the benefits of Asian values garnered particular attention in the early s, when they were articulated by prominent political figures such as former Singaporean prime minister Lee Kuan Yew.
Bloomberg will take bold action to shrink race wealth gap: Harlem Children's Zone founder
Asian American white-collar professionals are the least likely group in the United States to be promoted into management. But the problem exists in a number of sectors, from tech and finance to law and government. This was painfully obvious to us while reading the newly released diversity and inclusion report from a large Silicon Valley company: Its 19 pages never specifically address Asian Americans. In contrast, the report addresses Hispanics, African Americans, and Native Americans as distinct categories.
This racial wealth gap tears at the fabric of our society. We need a real leader in the White House who will unite the country and bring us all together to close this gap so every family in America has the opportunity to thrive. The pernicious legacy of slavery and Jim Crow disadvantages the African American community in many ways — from education to employment to housing to the criminal justice system. All these factors contribute to the racial wealth gap in our country that gets passed down from one generation to another, making it harder and harder for African Americans to get ahead. Upward mobility is much less likely for black than white Americans.